Xpediator PLC (AIM:XPD) said it continues to trade well after a strong start to the year, particular in its Central and Eastern Europe (CEE) operations.
As it enters the traditionally stronger second half, it is “well placed to continue to perform”, the freight management services company said in a trading update ahead of today’s AGM.
The impact of Russia’s invasion of Ukraine has so far been largely offset by higher volumes in other markets, it added.
“The group is in a good position, and with its asset light base, it is shielded from some energy and other inflationary cost pressures, but not all,” said interim chairman Gillian Wilmot, adding that the company “constantly reviews its plans and performance to mitigate” these headwinds.
Earlier this month, Xpediator announced the appointment of a new top-level management team, which will carry out a review of the company.
READ: Xpediator launches review as new management team takes over
Wilmot highlighted the potential for further growth within the business.
“There are clear organic opportunities to improve the underlying performance of the UK business, and the new management team are well placed to address any other challenges and to capitalise on any opportunities that arise within the wider business.”